Filing Supports ATK's Vision to Grow its Global Space-Related Business in
Canada
Alliant Techsystems announced that it will file an Investment Canada Act (ICA)
Registration relating to its planned acquisition of the Information Systems and Geospatial Businesses of MacDonald Dettwiler and Associates (TSX: MDA). The company expects the acquisition to close in the first quarter of its fiscal year, after ICA review, regulatory approval and MDA shareholder approval.'ATK welcomes a thorough review of its acquisition plan by industry officials and will work closely with the Canadian government throughout the review process,' said Chairman and CEO Dan Murphy. 'We believe this acquisition will strengthen the Canadian aerospace industry, grow Canada's world-class aerospace expertise, and open new doors for MDA's proven high performance technology to U.S. and international markets.' Once the acquisition is closed, ATK will merge its existing satellite assets with the MDA space business to form ATK Space Systems. The Canadian-based facilities and workforce will remain in Canada, preserving the company's unique and complementary strengths, and drive much of the group's growth profile.
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